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Turkish automotive market contraction and EV trends

Updated 23 times since CLSTR started tracking revisions of this situation.

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2026-10-26 10:03 UTC → 2026-10-26 10:19 UTC · added ~~removed~~

The Turkish automotive market continues to face stagnation and contraction. Following a 20.1 percent decline in new motor vehicle registrations in August 2026, the downward trend intensified in September. Total sales for the combined automotive and light commercial vehicle market fell by 24.33 percent in September compared to the previous year, reaching 83,469 units. Automobile sales specifically saw a 27.8 percent decline. For the first nine months of 2026, the total market shrank by 13.39 percent year-on-year to 803,465 units. Data from the European Automobile Manufacturers' Association (ACEA) indicates that Turkey holds the position of the sixth-largest automotive market in Europe, though it experienced a 13.78 percent contraction, marking the sharpest decline among Europe's ten largest markets. While total passenger car sales fell by 15.45 percent in the first nine months of 2026 to 627,977 units, there is a significant shift toward electrification. According to the Automotive Distributors and Mobility Association (ODMD), electric and hybrid models accounted for 51.9 percent of all car sales during this period. In September 2026, despite the broader market decline, fully electric vehicle sales grew by 18.6 percent, reaching a 23.7 percent market share. Domestic manufacturer Togg has emerged as a key player; its T10X model led the market in September, and the company launched a 0 percent interest financing campaign for October to combat limited credit access. Meanwhile, In the second-hand ~~online market also saw a decline, with corporate listings falling 12.5 percent in September. New data from the Turkish Statistical Institute (TÜİK) shows that total motor vehicles registered~~ market, sales showed quarterly growth in ~~Turkey reached 35,065,235~~ Q3 2026, reaching approximately 1.84 million units compared to 1.72 million in ~~September 2026. While the~~ Q2. However, total ~~vehicle stock is growing, September registrations fell 6.3~~ third-quarter sales decreased by 9 percent ~~from~~ compared to the ~~previous month and 18 percent year-on-year.~~ same period last year. The ratio of used car sales to new car sales increased from 7.4 to 8.8 during this period. In ~~the brand market, Renault led September registrations with a 16.1 percent share, followed~~ September, second-hand car prices rose by ~~Togg at 9.8 percent.~~ 1%, marking the highest monthly increase in six months, though the annual increase of 8% remains below inflation.

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